Natixis Advisors LLC Has $166.58 Million Holdings in American Express Company (NYSE:AXP)

Key Points

• Natixis Advisors LLC reduced its holdings in American Express by 6.2%, selling 41,233 shares, and now owns approximately 619,121 shares valued at $166.58 million.
• American Express recently announced a quarterly dividend of $0.82 per share, which will be paid on August 8th, reflecting an annualized dividend yield of 1.06%.
• The company's latest earnings report showed that it had a net revenue of $17.86 billion for the quarter, exceeding analysts' expectations and indicating a year-over-year growth of 9.3%.

Natixis Advisors LLC reduced its stake in shares of American Express Company (NYSE:AXP - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 619,121 shares of the payment services company's stock after selling 41,233 shares during the quarter. Natixis Advisors LLC owned 0.09% of American Express worth $166,575,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of AXP. NorthRock Partners LLC lifted its position in shares of American Express by 3.6% during the first quarter. NorthRock Partners LLC now owns 17,405 shares of the payment services company's stock worth $4,683,000 after purchasing an additional 612 shares in the last quarter. Tower Bridge Advisors grew its stake in shares of American Express by 3.6% during the first quarter. Tower Bridge Advisors now owns 12,899 shares of the payment services company's stock valued at $3,470,000 after acquiring an additional 447 shares in the last quarter. Wellington Shields & Co. LLC increased its position in shares of American Express by 9.4% during the first quarter. Wellington Shields & Co. LLC now owns 4,616 shares of the payment services company's stock worth $1,242,000 after acquiring an additional 396 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in shares of American Express by 1.2% in the first quarter. Mesirow Financial Investment Management Inc. now owns 76,147 shares of the payment services company's stock worth $20,487,000 after acquiring an additional 880 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in American Express by 82.6% in the first quarter. Arkadios Wealth Advisors now owns 11,467 shares of the payment services company's stock valued at $3,085,000 after purchasing an additional 5,188 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Stock Performance

Shares of NYSE:AXP traded down $5.06 on Friday, hitting $294.25. The company's stock had a trading volume of 3,012,929 shares, compared to its average volume of 2,476,523. The company has a market capitalization of $204.76 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.59 and a beta of 1.28. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.60 and a current ratio of 1.61. American Express Company has a 12 month low of $220.43 and a 12 month high of $329.14. The stock's 50-day moving average is $305.99 and its two-hundred day moving average is $291.53.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The payment services company reported $4.08 earnings per share for the quarter, topping analysts' consensus estimates of $3.86 by $0.22. The company had revenue of $17.86 billion during the quarter, compared to analyst estimates of $17.70 billion. American Express had a net margin of 14.78% and a return on equity of 32.87%. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $3.49 EPS. On average, equities research analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.82 per share. The ex-dividend date is Thursday, July 3rd. This represents a $3.28 annualized dividend and a dividend yield of 1.1%. American Express's dividend payout ratio (DPR) is 23.02%.

Insider Activity

In related news, insider Glenda G. Mcneal sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $309.50, for a total transaction of $15,475,000.00. Following the completion of the sale, the insider directly owned 10,957 shares in the company, valued at approximately $3,391,191.50. This trade represents a 82.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Howard Grosfield sold 9,450 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $275.50, for a total value of $2,603,475.00. Following the sale, the insider directly owned 9,402 shares of the company's stock, valued at approximately $2,590,251. This represents a 50.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,950 shares of company stock worth $19,787,710. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AXP. Barclays upped their price target on shares of American Express from $249.00 to $297.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft upped their target price on shares of American Express from $371.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Redburn Atlantic upgraded American Express from a "sell" rating to a "neutral" rating and decreased their price target for the stock from $270.00 to $255.00 in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods increased their target price on American Express from $360.00 to $371.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Finally, Monness Crespi & Hardt downgraded American Express from a "buy" rating to a "neutral" rating in a report on Tuesday, July 15th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $311.05.

American Express Company Profile

American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.